BoT Implements Stricter Transfer Limits on Youth Accounts to Combat Fraud
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Insights by Echo AI
The Bank of Thailand (BoT) is introducing stricter daily transfer and payment limits for accounts held by people under 18 to combat fraudsters exploiting youth accounts as 'mule accounts'. The new limits are 3,000 baht for ages 10-12, 5,000 baht for ages 12-15, and 10,000 baht for ages 15-18. Parents are urged to warn children about the risks of allowing others to use their accounts.
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